CENTRO ARARAT INC (EIN 660604909) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Phone

7872845884

Tax Period

2023-01-01 to 2023-12-31

CENTRO ARARAT INC, founded in 2001, is a mid-sized nonprofit in the Health Care sector that reported $26.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

The Center provides medical assistance to HIV patients principally sponsored by federal grants. They provide their services in six clinics located around Puerto Rico. They also provide educational services regarding the prevention of health diseases such as HIV etc.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,656,948

Program Service Revenue $23,820,930

Investment Income $0

Other Revenue $830,477

TOTAL REVENUE $26,308,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,359,735

Fundraising Expenses $0

Program Expenses $11,066,508

Other Expenses $18,676,002

TOTAL EXPENSES $26,035,737

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,308,355	$22,062,137	+0.2%
Expenses	$26,035,737	$25,495,064	+0.0%
Net Income	$272,618	$-3,432,927	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

138

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,325,162

Total Directors

Key Employees

$101,884

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Melvin G Alvarado Matos	Controller	40.00	Key Emp	$101,884	$0	$101,884
Jimmy Acosta Ortiz	CEO	40.00	Officer	$203,408	$0	$203,408
Carlos Carrero Rodriguez	CFO	40.00	Officer	$197,897	$0	$197,897
Rebecca Martinez Lugo	Human Resources	40.00	Officer	$120,600	$0	$120,600
ROBERTO CALDERON	DOCTOR	40.00	Highest	$147,106	$0	$147,106
NADJA DIAZ	DOCTOR	40.00	Highest	$121,709	$0	$121,709
JULIO BACO	DOCTOR	40.00	Highest	$117,564	$0	$117,564
IVAN BAEZ	DOCTOR	40.00	Highest	$138,305	$0	$138,305
JUAN RAMIREZ	DOCTOR	40.00	Highest	$120,065	$0	$120,065
IVAN MELENDEZ	COO	40.00	Officer	$0	$0	$235,000
SAMUEL MELENDEZ	CI TO	40.00	Officer	$0	$0	$232,200
MARIBEL ACEVEDO	MEDICAL DIRECTOR	40.00	Officer	$189,809	$0	$189,809
MARIA LUGO	CAO	40.00	Officer	$146,248	$0	$146,248

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$26,308,355	$26,035,737	$12,121,772	$272,618
2022	$22,062,137	$25,495,064	$12,520,564	$-3,432,927
2021	$28,478,852	$22,318,718	$15,030,624	$6,160,134

CENTRO ARARAT INC